Seven Seventeen Credit Union Mortgage Rates, Fees & InfoWarren, OH
Tax ID: 34-0825325
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewSeven Seventeen Credit Union is a smaller credit union specializing in loans. Seven Seventeen Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Youngstown, Akron, Cleveland, Salem, and Canton among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)
Seven Seventeen Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Seven Seventeen Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.47%||3/31/23|
|30 Year Conventional Refi||6.57%||3/31/23|
|30 Year Cash-out Refi||6.92%||3/31/23|
|30 Year FHA Purchase||6.97%||3/31/23|
|30 Year FHA Refi||7.21%||3/31/23|
|30 Year VA Purchase||6.69%||3/31/23|
|15 Year Conventional Purchase||5.93%||3/31/23|
|15 Year Conventional Refi||6.70%||3/31/23|
|15 Year Cash-out Refi||6.70%||3/31/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Origination Dollar Volume (All Markets)$195,435,000
Seven Seventeen Credit Union's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.52%.
Relative Fees (Closing Costs)
Seven Seventeen Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,603.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA)||1,792||$143,350,000||$79,994||$3,020||5.23%|
|AKRON, OH (FHA|USDA|VA)||377||$27,535,000||$73,037||$2,961||5.54%|
|CLEVELAND-ELYRIA, OH (FHA|USDA|VA)||49||$9,385,000||$191,531||$3,901||5.48%|
|Salem, OH (FHA|USDA|VA)||75||$6,095,000||$81,267||$2,864||5.37%|
|CANTON-MASSILLON, OH (FHA|USDA|VA)||63||$4,445,000||$70,556||$3,031||5.65%|
|Ashtabula, OH (FHA|USDA|VA)||16||$1,140,000||$71,250||$2,500||5.60%|
|COLUMBUS, OH (FHA|USDA|VA)||6||$800,000||$133,333||$3,520||5.44%|
|PITTSBURGH, PA (FHA|USDA|VA)||4||$490,000||$122,500||$5,268||4.78%|
|New Castle, PA (FHA|USDA|VA)||6||$320,000||$53,333||$3,411||4.83%|
|Ashland, OH (FHA|USDA|VA)||4||$320,000||$80,000||$645||8.06%|
|TOLEDO, OH (FHA|USDA|VA)||2||$270,000||$135,000||$3,458||3.88%|
|Wooster, OH (FHA|USDA|VA)||4||$220,000||$55,000||$0||5.16%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||1||$205,000||$205,000||$0||4.50%|
|WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA)||1||$145,000||$145,000||$5,353||5.63%|
|Meadville, PA (FHA|USDA|VA)||1||$135,000||$135,000||$3,964||6.75%|
|Celina, OH (FHA|USDA|VA)||1||$105,000||$105,000||$3,536||3.75%|
|New Philadelphia-Dover, OH (FHA|USDA|VA)||3||$105,000||$35,000||$0||4.16%|
|Marion, OH (FHA|USDA|VA)||2||$80,000||$40,000||$0||5.55%|
|Outside of Metro Areas||1||$75,000||$75,000||$0||4.00%|
|MANSFIELD, OH (FHA|USDA|VA)||1||$65,000||$65,000||$2,929||3.88%|
|Zanesville, OH (FHA|USDA|VA)||1||$55,000||$55,000||$0||10.25%|
|CINCINNATI, OH-KY-IN (FHA|USDA|VA)||1||$45,000||$45,000||$0||4.75%|
|DAYTON-KETTERING, OH (FHA|USDA|VA)||1||$35,000||$35,000||$0||3.59%|
|Norwalk, OH (FHA|USDA|VA)||1||$15,000||$15,000||$0||4.50%|
We use machine learning to identify the top lenders compared against Seven Seventeen Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Seven Seventeen Credit Union's most frequently originated type of loan was HELOC, with 1,662 originations. Their 2nd most popular type was Conventional, with 743 originations.
For 2022, Seven Seventeen Credit Union's most frequently cited loan purpose was Home Improvement, with 751 originations. The 2nd most popular reason was Other, with 499 originations.
For 2022, Seven Seventeen Credit Union's most frequently cited loan duration was 30 Year, with 2,156 originations. The 2nd most popular length was 15 Year, with 121 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Seven Seventeen Credit Union's average total fees were $3,603, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 444 originations.
During 2022, Seven Seventeen Credit Union's average interest rate for loans was 5.28%, while their most frequently originated rate bucket for loans was 3-4%, with 821 originations.
2022 saw Seven Seventeen Credit Union place emphasis on $100,000 or less loans with 1,932 originations, totaling $86,400,000 in origination value.
Seven Seventeen Credit Union lent most frequently to those with incomes in the $50k-75k range, with 712 originations. The second most popular income band? $50k or less, with 580 originations.
Applicant Debt to Income Ratio
Seven Seventeen Credit Union lent most frequently to those with DTI ratios of 20-30%, with 557 originations. The next most common DTI ratio? 30-36%, with 429 originations.
Approval RatesTotal approvals of all applications
Seven Seventeen Credit Union has a below average approval rate.
Pick RateApprovals leading to origination
Seven Seventeen Credit Union has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|SFMC L.P.||Conventional home mortgage||Closing on a mortgage||1||100.0%|